Israeli-held Elbit Imaging announced that it has signed a non-binding letter of intent with an international investment fund to sell its entire shareholding in a company owning the Radisson Complex in Bucharest, based on a property value of approximately €177.5 million.
According to a press release published on the NASDAQ website, the consummation of the transaction, which expected to occur within three to four months from the signing of the LOI, is subject to the fulfilment of certain conditions.
The Radisson Blu Hotel and the Park Inn Hotel are managed by Rezidor, which is part of Carlson Rezidor Hotel Group.
